The Latest Breaking News from Interest Rates

US wholesale price data for April points to easing inflation pressures

Wholesale prices in the United States decelerated last month, the latest sign that inflationary pressures may be easing more than a year after the Federal Reserve unleashed an aggressive campaign of steadily higher interest rates

The Independent UK · May 11, 2023

TransUnion report shows that more Americans are leaning on credit amid high inflation

TransUnion’s Quarterly Credit Industry Insights Report (CIIR) shows that credit card balances remain near record highs at $917 billion as consumers turn to credit products to cover rising costs.

Fortune · May 11, 2023

Bank of England lifts interest rates again as food prices stay higher for longer

Central bank economists also released a record upgrade to their economic growth expectations

Insider UK · May 11, 2023

Bank of England raises interest rates for 12th consecutive time to curb rising inflation

Base rates hit 4.5% for first time since 2008

The Independent UK · May 11, 2023

Peter Dutton accuses Albanese government of fuelling inflation in budget reply speech

Peter Dutton uses his budget reply speech to lay the blame for any future increase to interest rates at the feet of the Albanese government.

ABC News · May 11, 2023

Why are interest rates going up – and how does raising them help inflation?

The Bank of England has hiked the interest rate to 4.5%

The Independent UK · May 11, 2023

Interest rates – live: Mortgage warning as Bank raises rates to highest level since 2008

Experts have warned the rise will affect the property market, with lenders already raising their rates

The Independent UK · May 11, 2023

Bank of England lifts inflation and growth forecasts as it raises interest rates to 4.5% – business live

BoE governor Andrew Bailey predicts inflation will have halved by the end of this year, thanks to falling energy bills

The Guardian - UK · May 11, 2023

FTSE 100 Live: Bank of England raises rates; FTSE closes at 7731

UK GDP fell by 0.3% in March, but that wasn’t enough to prevent the economy from growing over the quarter, the Office for National Statistics revealed today.

Evening Standard · May 11, 2023

Bank of England set to raise UK interest rates to highest level since 2008

The Bank of England is set to raise interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. Financial markets expect the bank’s nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point…

The Independent UK · May 11, 2023